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New Carlsbad Industrial Buildings Planned After $15M Land Buy

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“RAF Pacifica Group has acquired 18.4 acres of industrial land in the Carlsbad Raceway Business Park for approximately $15 million, with plans to build two new distribution buildings totaling 272,430 square feet.” “…the company is aiming to address a relative lack of supply of appropriate industrial space in the local market, increasingly in demand among […]

Experience-Based Retail Driving Outperformance of High-Quality Malls

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“Forget e-commerce as being the root cause for the widening gap between weak and strong shopping centers. MetLife, a major buyer recently of high profile retail centers, said the millennial generation is heavily influencing the fortunes of commercial real estate and the retail sector and will continue to do so for the next half century.” […]

Revitalization Comes In Bottle, Growler

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“With craft demand rising among city residents and visitors — and production space running out in Vista, San Marcos, Escondido and other stops along state Route 78, aka the Hops Highway — Oceanside now appears to be cashing in.” “The bulk of venues with significant on-site beer production are in or near the city’s industrial […]

Port District Releases 6 Proposals for Seaport Village Site

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“The Unified Port of San Diego has released six proposals for developments targeting 70 acres of prime downtown San Diego waterfront property, including the current site of the iconic Seaport Village.” ” Plans by a locally based group known as Protea Waterfront Development for a project including hotels and retail; a ride called The Spire; […]

DEVELOPER PLANS SCRIPPS RANCH TECH PARK WITH CREATIVE OFFICE AMENITIES

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“Two growing San Diego economic drivers, biotech and defense, are boosting real estate development…” “While build-to-suit tenants are preferred, with growing demand for office and R&D space, she tells us her company is considering building on spec and will likely kick off development at Scripps Ranch Tech Park with 164k SF of office/flex space on 12 […]

Retail Projects Follow New Residential Sites

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“San Diego County has 5 million square feet of retail in the planning pipeline…” “Space constraints, among other barriers to entry, have long accounted for a dearth of new ground-up retail construction in San Diego County, where many of the retail projects in recent years have been redevelopments of existing centers, rather than wholly new […]

Economic Growth is Driving Tightening San Diego Office Market

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Excerpt from article: San Diego County’s office market was strong in the first quarter of this year, reversing the trend of increasing vacancy and boosting asking rents. In the first quarter, San Diego County office vacancy dropped by 42 basis points from Q4 2015 to 12.4%, according to Colliers International’s office report, which tracks transaction […]

$40M Mixed-Use Complex Debuting Soon in Rancho Santa Fe

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High-end beauty salon operator has been placed by Strategic Real Estate Group, Inc. in the brand new Cancha De Golf plaza in Rancho Santa Fe! Locally based developer Newport Pacific Inc. plans a midsummer opening for Palma de la Reina, a $40 million mixed-use complex being built at the entrance to the Whispering Palms residential […]

Big Development Opportunity Draws a Crowd of Contenders

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Excerpt from article: The Unified Port of San Diego has no shortage of companies looking to be part of what eventually replaces the iconic Seaport Village, on a portion of the downtown San Diego waterfront that spans 70 acres “This is one of those development opportunities that only comes around every 50 or 60 years,” […]